Jim Cramer Says Chewy, Inc. (CHWY)’s Wasn’t As Bad As The Sellers Thought

We recently published 8 Stocks on Jim Cramer’s Radar. Chewy, Inc. (NYSE:CHWY) is one of the stocks Jim Cramer recently discussed.

Chewy, Inc. (NYSE:CHWY) is a well-known pet products company. Its shares have gained 7.8% year-to-date, and Cramer discussed the firm on the day the stock closed 16.6% lower. As per media reports, Chewy, Inc. (NYSE:CHWY)’s shares fell after the firm’s latest earnings report. The result saw the company report $3.1 billion in revenue and $141 million in net income. Cramer’s previous comments about Chewy, Inc. (NYSE:CHWY) have praised its CEO and remarked that he has done a remarkable job. He was also impressed by the firm’s CEO calling a bottom on his show, Mad Money. Cramer recalled the CEO’s call and praised the firm’s recurring revenue as he commented on Chewy, Inc. (NYSE:CHWY) after its latest earnings report:

“You know I went over it [the earnings] and I didn’t think it was nearly as bad as the sellers [thought]. I think they ought to come in an realize that, Sumit Singh has done a, the stock was 19 when he came on Mad Money and he said listen, our stock’s going down. It’s been straight up. I think that it’s a very interesting level to buy it. I think it’s got a good recurring revenue. People should stop panicking on Chewy. Just stop. Stop! Stop panicking on Chewy!”

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Chewy, Inc. (NYSE:CHWY) was part of Cramer’s game plan in June as he remarked:

“Now, two companies give us earnings of interest on Wednesday. Before the bell, we hear from Chewy, the online pet food retailer, which offers a lot of accoutrements that pet owners love. It’s been a real winner. By the way, this CEO called the bottom on our show. I thought it was pretty great. I’m going to, I think you can continue to win.”

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Disclosure: None. This article is originally published at Insider Monkey.